Analyst – Structured Products Asset-Backed and Mortgage-Backed Securities (ABS/MBS)

Loews Corporation is adding an analyst to its Structured Products team. You will report to the portfolio managers who run our ABS and residential mortgage portfolios, in a hands-on seat on a lean desk: running surveillance and data work, contributing directly to investment decisions, and sharing the desk’s operational load. AI is an important part of how we work, and we expect you to arrive already fluent in building with it.

What you will do

• Underwrite new-issue and secondary transactions in non-agency RMBS (Jumbo Prime, Agency Eligible, non-QM, SFR, RTL, HEI) and ABS (consumer, commercial, esoteric) and turn that work into investment recommendations.

• Own monthly surveillance of positions and escalate anomalies.

• Analyze prepayment, delinquency, and loss trends, and run stress and rate-scenario analysis on duration, convexity, and prepayment risk using Bloomberg, Intex, and internal models.

• Maintain the desk’s proprietary mortgage credit model.

• Build datasets, dashboards, and AI-enabled tools to streamline the desk’s workflow.

• Evaluate agency MBS (specified pools, TBAs, CMOs) and build toward executing agency trades.

• Support oversight of the residential whole loan platform: guideline and concentration compliance, reconciliations, exception reporting, and assessment of originators and third-party review vendors.

• Support trade execution and portfolio documentation, and build relationships with dealers, issuers, and rating agencies.

What we are looking for

• Bachelor’s degree in economics, finance, mathematics, or a related field

• 1–4 years in securitized products (non-agency RMBS, ABS, whole loans, or related fixed income).

• Working knowledge of securitization structure (waterfalls, triggers, credit enhancement) and the collateral behind residential mortgage and/or asset-backed deals.

• Advanced with Excel and Python (pandas or similar): able to independently build and maintain data pipelines and analytical tools, not just modify existing code.

• Demonstrated experience building with AI tools and LLM APIs.

• Sharp analytical judgment, attention to detail, and clear, direct writing; able to prioritize under time pressure as part of a small team.

• Preferred: Intex, Bloomberg, SQL, and the Power Platform (Power BI, Automate, Apps); exposure to originator/servicer due diligence, loan-level data, or rating agency methodologies.

Work Arrangement

This full-time, exempt role is based at 9 West 57th Street.

The salary range for this position is $86,100 to $129,150, plus an annual bonus and a comprehensive benefits package. Compensation within this range will be based on skills, experience, and internal pay equity.

Loews Corporation offers a comprehensive benefits program designed to support employees and their families. In addition to medical, dental, vision, and life insurance, retirement savings, and paid time off, the program includes inclusive family planning and fertility benefits. Additional details will be shared during the interview process. Ability to work in person in our New York City office.